Focus on logjam in UK Parliament

The UK’s pro-EU parliament has begun to assert itself. Evident in the rejection of Withdrawal Agreement There is strong opposition in Parliament to a ‘no deal’ hard Brexit.

However, Parliament is finding it very difficult to reach agreement on what type of deal it wants in order to prevent this.

There is no clear consensus for other alternatives, from the WA, to a ‘Norway style plus’ close economic relationship with the EU, or a second referendum (would require an extension to the Article 50 deadline, currently set for 29th March).

As a result, there is a real risk in the current parliamentary stalemate of any Brexit option being unable to command majority support.

Therefore, a ‘no deal’ hardBrexit scenario cannot be ruled out, as this is the default position under UK law in these circumstances

The official EU line is that there is very little scope for changes to the already agreed legal text of the WA. However, EU sources have suggested that the EU is open to extending the Article 50 deadline

Political Declaration could be nuanced

What happens next ?

PM May will try and get further assurances from the EU that the ‘Irish backstop’ is temporary, while at the same time trying to build support for the WA.

It is expected that some MPs will try and forge a cross-party consensus around a ‘softer’ Brexit that might be able to command majority support in parliament

The Credit Reporting Act 2013 requires all lenders to submit personal and credit information to the Central Credit Register on loans, (including overdrafts, mortgages and credit cards) for €500 or more.